Works under this agreement are expected to generate revenues of approximately A$115 million (US$82 million) over the five-year term (assuming the two-year option is exercised).

The new agreement will utilise assets from SRG Global's existing fleet and will require minimal growth capital over the contract term.

SRG Global managing director, David Macgeorge, said: "This term contract is a significant achievement for SRG Global and our mining services team. It reinforces our strong working relationship with Evolution and underscores the confidence tier one mining companies have in our abilities as a leading drill-and-blast contractor."

Evolution Mining said it has developed a good working partnership with SRG Global and is pleased to be continuing the relationship.

The company operates five wholly owned gold mines located in Queensland, New South Wales and Western Australia, and has an economic interest in the Ernest Henry copper gold mine in Queensland.